Take a look at this repository: https://github.com/VinamraVij/react-native-audio-wave-recording. I've implemented a method for recording audio with a waveform display and added animations that sync with the waveform and audio during recording. You may need to adjust the pitch values to improve the waveform visualization, as the pitch settings vary between Android and iOS.

Checkout this video demo https://www.youtube.com/watch?v=P3E_8gZ27MU